The US economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
1:00 The man who buys crashes 3:10 Backtester 5:30 Rags to riches 6:30 200K to 6M 8:10 NASDAQ trader 10:20 Roulette principle 12:00 Averaging down is for losers
I love books and book lists. I have been through the e-book phase which over time has just worsened my sleep patterns and if you want to invest across different time zones, then this is a no no. I much prefer a book I can hold and cherish and not loan to anyone (because over time, I don't get many back). I am committed to lifetime learning and have had to wait till the end game of my life to realize I do not know everything and like my previous professions, I know that success comes from a lot of reading, practicing, failing, back testing, rinsing and repeating. I am also a musician who has always known that eventually one finds their own style of playing music. The same goes for investing, you will find your own way which will be independent of others on CNBC et al. Thanks for reading ahead and reminding us all that "If I have seen further, it is by standing on the shoulders of giants!"
Another great video! Your videos are always so helpful becauset they let me into a variety of ways that people trade, without having to read a 400 page book. Thank you.
Valued Information. Even tho these are just snippets from books and statistics im learning a lot about the stock market that i didnt know before watching your videos.
I wouldn't suggest a small trading account of anything less than $10,000. Chances are you will blow the account for no other reasons than process and mindset. I blew one trading account in the early 80s and another in 2000. Teaches you a lot. A lot of it is seriously disciplined based off experience, process and risk management. But you can beat it daily or in longer periods. Once you learn your market asett. What ever that may be, stick to that and perfect it. I trade only one thing daily and focus on that. I never jump around. I don't look for other opportunities/distractions. I never fomo or feel I have to trade. Every day, the market will give you something. Wait for it. Patience is key. If not, sit back. Bottom line you can do it. But learn it. This is a good book. Somehow it came up on my feed. Good stuff
Very good video just now found by accident. Financial Wisdom you went to extra effort on this, as you put in content that is not in the book, such as charts. I am one of the twelve, but will not say which one. As encouragement to others this book was based on 2005-2007 results to be included, and for the 3 years I had an avg 59% CAGR. Have had some droughts and am in one currently but have done even better since 2007 overall with the best being my 2020 results, a four bagger for the entire portfolio. Right now, the best values IMHO are in oil stocks with some with 20% to 50% Free Cash Flow yields. The most undervalued in this sector seem to be smaller Canadian ones like Saturn, Valeura and Tenaz all with great FCF now or in near future. Cheers
Great Content, thank you very much. Two question: 1: you said, Charly Hays trades never between 10.30 am to 2.30 pm. Is this N.Y. Time? 2. when does he trade - before or after or both?
Yes, This made no sense to me either! I was hoping to find the answer in the comments. Before that I was assuming that it was New York (EST) time and NYSE is open 9:30am -4pm. It is recognised, somewhat and various traders say, that it's unwise to trade at open, or in the first hour.....too much news influence. I had understood that late in the day was OK too. However my guess, in the absence of someone knowing the answer (is the rationale/justification in the book?), is that he's saying the best time is between 10:30am to 2:30pm. That's my flawed logic anyway..... NoAxe
Seeing this makes it much more interesting, even with different philosophies they're all successful traders. All you need to do is get after it and the rest will take care of itself.
Hi tech - without watching the video again I'm not sure what you are referring to, however, I'm ok averaging down on an index, in fact I often invest heavily after a major decline. BUT in singular stocks I would never average down or invest after/during a decline.
Thanks Gareth. Solid as always. Dan Andrews' advice to buy crashes (subject to TA) is the key takeaway for me. There is also the message of specialisation. The better you know your particular market - whether forex, commodities, options or equities - the more likely you are to make profits.
The understanding in this content is exceptional. A book with akin insights brought a new depth to my life. "Mastering Money Mindfulness" by Benjamin Hawk
I enjoyed your video, I am actually tired of worrying about stocks and stuff... It'a driving me nuts these days , I think crypto investment is far better than stocks
The best strategy to use in trading crypto is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed
@@noahgunter9080 How does this bitcoin of a stuff works because am ready to invest and i need a professional trader who will tell me more about it and make me huge profits
Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
There are a lot of independent advisors you might look into. But i work with NICOLE DESIREE SIMON and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
@@Too-old-Forthischet Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
No idea why the best content we find them later in the trading journey. Thank you for your hard work
I appreciate that!
The US economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Haha, you shouldn't be trading with that predicting mindset, it's all irrelevant noise, try to watch these videos again until you grasp it
LOVE IT. I WILL ONE DAY BECOME A SUCCESSFUL TRADER AS WELL.
1:00 The man who buys crashes
3:10 Backtester
5:30 Rags to riches
6:30 200K to 6M
8:10 NASDAQ trader
10:20 Roulette principle
12:00 Averaging down is for losers
Im glad that there are forex traders in this book
I love books and book lists. I have been through the e-book phase which over time has just worsened my sleep patterns and if you want to invest across different time zones, then this is a no no. I much prefer a book I can hold and cherish and not loan to anyone (because over time, I don't get many back). I am committed to lifetime learning and have had to wait till the end game of my life to realize I do not know everything and like my previous professions, I know that success comes from a lot of reading, practicing, failing, back testing, rinsing and repeating. I am also a musician who has always known that eventually one finds their own style of playing music. The same goes for investing, you will find your own way which will be independent of others on CNBC et al. Thanks for reading ahead and reminding us all that "If I have seen further, it is by standing on the shoulders of giants!"
Well said.
superb content
Thanks Pablo 🙏
In order to live off the market, you need first to survive it.
So true. Most people have no concept how hard it is to become significantly profitable. Took me 10 years of being at it every day
Another great video! Your videos are always so helpful becauset they let me into a variety of ways that people trade, without having to read a 400 page book. Thank you.
You are so welcome!
appreciate this summary, thanks.
Glad it was helpful!
Valued Information. Even tho these are just snippets from books and statistics im learning a lot about the stock market that i didnt know before watching your videos.
I wouldn't suggest a small trading account of anything less than $10,000. Chances are you will blow the account for no other reasons than process and mindset. I blew one trading account in the early 80s and another in 2000. Teaches you a lot. A lot of it is seriously disciplined based off experience, process and risk management. But you can beat it daily or in longer periods. Once you learn your market asett. What ever that may be, stick to that and perfect it. I trade only one thing daily and focus on that. I never jump around. I don't look for other opportunities/distractions. I never fomo or feel I have to trade. Every day, the market will give you something. Wait for it. Patience is key. If not, sit back. Bottom line you can do it. But learn it. This is a good book. Somehow it came up on my feed. Good stuff
Excellent
Averaging down is sometimes leveraging up
Thanks.
You're welcome
Always nice to visit this channel. But those bots in investment video comments are going nuts haha
Can you make video on algorithm trading.
Nice👌👌👌
🙏
I love your all videos
(Have so much information in it )
Always waiting for your videos 👍👍👍
Great to hear thanks Sheik🙏
Please review some books on option writing
5:29 “Swiftly moving on” - 😂 Indeed. . .
I really love your content . could you not do some forex videos
Sure
Wow! Love your channel, been watching for a week now!
Thanks Tony🙏
Please make video on Richer Wiser Happier book summary
I like your drawing of the little guy with the faces, funny :)
The intro reminds me of diet books and rules. Like dieting, trading needs to prove itself over the long haul
True
Very good video just now found by accident. Financial Wisdom you went to extra effort on this, as you put in content that is not in the book, such as charts. I am one of the twelve, but will not say which one. As encouragement to others this book was based on 2005-2007 results to be included, and for the 3 years I had an avg 59% CAGR. Have had some droughts and am in one currently but have done even better since 2007 overall with the best being my 2020 results, a four bagger for the entire portfolio. Right now, the best values IMHO are in oil stocks with some with 20% to 50% Free Cash Flow yields. The most undervalued in this sector seem to be smaller Canadian ones like Saturn, Valeura and Tenaz all with great FCF now or in near future. Cheers
Thanks - Please disclose :-)
@@FinancialWisdom I emailed you, thanks
done
Hi 👋
Where is link to the spreadsheet?
Thanks 🙏
Hi its in the shop on my website👍
I think I’ll tape your summary onto my screen.
Loved the video!!!
Thanks Saurabh🙏
Great Content, thank you very much. Two question: 1: you said, Charly Hays trades never between 10.30 am to 2.30 pm. Is this N.Y. Time?
2. when does he trade - before or after or both?
Good question I assume NY time.... Either side it seems. The specific was not really divulged
@@FinancialWisdom Thank you very much for answering
Yes, This made no sense to me either! I was hoping to find the answer in the comments. Before that I was assuming that it was New York (EST) time and NYSE is open 9:30am -4pm. It is recognised, somewhat and various traders say, that it's unwise to trade at open, or in the first hour.....too much news influence.
I had understood that late in the day was OK too. However my guess, in the absence of someone knowing the answer (is the rationale/justification in the book?), is that he's saying the best time is between 10:30am to 2:30pm. That's my flawed logic anyway.....
NoAxe
That might be GMT - if he's in South Africa that would make sense!.... 🤷🏻♀️😎
Do you use market orders or limit buy/sell orders when buying stocks and then taking profits?
Seeing this makes it much more interesting, even with different philosophies they're all successful traders. All you need to do is get after it and the rest will take care of itself.
It is very good
thanks🙏
Awesome
Thanks!
Very very nice video sir 👌
loved the video
Thanks as always🙏
Great video, thanks!
Thank you!
What software filter does Tyrone Ball use?
Whyd you say never average down at the end when you agreed with it earlier?
Hi tech - without watching the video again I'm not sure what you are referring to, however, I'm ok averaging down on an index, in fact I often invest heavily after a major decline. BUT in singular stocks I would never average down or invest after/during a decline.
Thanks Gareth. Solid as always. Dan Andrews' advice to buy crashes (subject to TA) is the key takeaway for me. There is also the message of specialisation. The better you know your particular market - whether forex, commodities, options or equities - the more likely you are to make profits.
Thanks William. Yes, jack of all trades master of none comes to mind.
always great video sir ji.....
So nice of you
Great Video Again. :)
Thanks Supcnr
great work!
Thanks Dan👍
With my straddle method I win very Often
Wow👌
All thanks to thompson crypto expert he made me the millionaire that i'm today through his amazing investment strategy and platform...
w>h>a>t>s>a>p>p>> +4.4.7.4.5.1.2.7.8.8.4.0...
Thanks Akshay
The understanding in this content is exceptional. A book with akin insights brought a new depth to my life. "Mastering Money Mindfulness" by Benjamin Hawk
You don’t have to choose to run with the crowd, but you damn well never choose to run against the crowd.
Nicely put..
Great content
Quick!
All thanks to thompson crypto expert he made me the millionaire that i'm today through his amazing investment strategy and platform.......
w>h>a>t>s>a>p>p>> +4.4.7.4.5.1.2.7.8.8.4.0...
South african in here baby
Welcome👌
Thank you very much, wonderful...
All thanks to thompson crypto expert he made me the millionaire that i'm today through his amazing investment strategy and platform.....
w>h>a>t>s>a>p>p>> +4.4.7.4.5.1.2.7.8.8.4.0...
Thanks Umut🙏
Another One ❤️
All thanks to thompson crypto expert he made me the millionaire that i'm today through his amazing investment strategy and platform.....
w>h>a>t>s>a>p>p>> +4.4.7.4.5.1.2.7.8.8.4.0....
Thanks Joshua
In south africa we have traders who invest 5$ on their account and turn it into 2000$
doable on SMC
They just don't show the amount of $5 account they have blown
I enjoyed your video, I am actually tired of worrying about stocks and stuff... It'a driving me nuts these days , I think crypto investment is far better than stocks
Both investment are good to go into but if profits must be considered then crypto is far better
Wow that's an awesome return of investment right there, what strategy do you use and how can I start up please
The best strategy to use in trading crypto is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed
@Rodriguez Martinez Please what is the name of your professional broker I need his help to trade too
@@noahgunter9080 How does this bitcoin of a stuff works because am ready to invest and i need a professional trader who will tell me more about it and make me huge profits
4:18 Rob Booker that guy who trades with Faith? ua-cam.com/video/8ZD-PCJV7VI/v-deo.html
My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U
My Breakout Scanner - bit.ly/3ea6sl8
My Forum - www.financialwisdomTV.com/forum
My Strategy Blueprint - www.financialwisdomtv.com/plans-pricing
Edgewonk Trade Analysis Software - bit.ly/3xS6S7s
Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
@@Too-old-Forthischet I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
There are a lot of independent advisors you might look into. But i work with NICOLE DESIREE SIMON and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
@@Too-old-Forthischet Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Im glad that there are forex traders in this book